Property developer NCT Group has entered into four synergistic collaborations to further strengthen its value proposition for the upcoming NCT Smart Industrial Park (NSIP) project by sealing Memorandum of Understanding (MoUs) with multiple strategic partners recently.
“These collaborations are crucial for us as we focus on creating a strong foundation, in line with our plans for the NSIP development. As we aim to provide the best infrastructure and amenities for prospective clients, we are committed to ensuring that our project thrives on environmentally friendly and sustainable efforts, aligned with our philosophy of converging technology in harmony with nature,” Dato’ Sri Yap Ngan Choy, the Founder and Group Managing Director of NCT Group of Companies said.
“By doing so, we aim to achieve the Green Real Estate (GreenRE) status for NSIP. To this end, we are always on the lookout for forward-driven partners with an eye for innovation in eco-tech. With the signing of these collaborations, we are confident that NSIP will become a game-changer for tech-led, environmentally sustainable development,” he added.
NCT Group entered into a Memorandum of Business Exploration (MoBE) with AmBank Group and UOB Malaysia aimed at promoting sustainable development by offering dedicated financing packages to NCT Group’s end- buyers for its upcoming NSIP project. These packages include IR 4.0, Capex, ESG and Working Capital, among others.
Whilst a MoU was signed with the Malaysia-China Chamber of Commerce (MCCC) to leverage on MCCC’s forte in attracting investors from China and other ASEAN countries to invest in NCT’s properties and development products under the NSIP project. In order to attract foreign direct investment, investors recommended by MCCC will also be eligible for additional promotional privileges and discounts.
The property group also signed a Letter of Business Exploration (LBE) with Samaiden Group Berhad. The collaboration will see Samaiden construct facilities and installations to provide eco-efficient solutions for NSIP, such as biomass energy with Grid-Connected Biomass power plant systems to generate electricity. Furthermore, Samaiden will also look into be able to offer ready built and built-to-suit solar photovoltaic (PV) rooftop systems for NSIP tenants, which will contribute to up to a 30% saving in total energy consumption on a 24-hour operation.
With the aim of achieving the GreenRE certification for its infrastructure and corporate offices, the project is designed in line with the GreenRE rating criteria. SSIP will be benchmarked against a set of guidelines set by GreenRE that focuses on energy efficiency, water management, material and waste management, environmental protection, green building and transport, as well as community and innovation.
The proactive move to further explore the installation of solar panels is set to position NSIP as an agent to distribute solar power to the grid, in addition to Large Scale Solar (LSS) national projects under the Net Energy Metering (NEM) 3.0 programme by the Sustainable Energy Development Authority (SEDA). This will also contribute towards Malaysia’s national target of 31% of Renewable Energy (RE) capacity by 2025.
Meanwhile, its collaboration with UOB Malaysia will provide NSIP’s solar power value chain with easy access to financing. Through UOB Malaysia’s U-Solar programme 1, the bank can offer end buyers with a suite of financial solutions from SSIP’s EPCC official contractors, Samaiden and Solarvest.
“This collaboration is firmly in line with AmBank Group’s sustainability agenda which ensures that we actively consider our ESG impacts and create shared prosperity for current and future generations, without compromising our financial objectives. Through this initiative, I believe that we will be able to reduce the industrial and commercial carbon footprint quite significantly,” Christopher Yap, Managing Director, Business Banking, AmBank Group said.
“We are pleased to join hands with NCT Group to raise awareness amongst prospective investors in China and in the region on the unique value proposition of NSIP. Opportunities are indeed ripe and we look forward to reinforcing our role in supporting economic and trade development through this partnership,” Loo Kok Seong, President of MCCC said.
“Our partnership with NCT reflects our dedication to creating green technology as the standard across rural and urban developments. With this collaboration, we hope to bring our many years of expertise in the field to NSIP, which will also be among the first industrial parks in the country to be equipped with smart renewable energy technologies,” Ir. Chow Pui Hee, Director of Samaiden.
“The Bank is committed to helping the Company drive its ESG agenda in developing smart industrial parks for end buyers and the country to transition into a carbon-neutral economy. Our project and solar financing are under our Sustainable Financing Framework for Green Building Developers and Owners, and Smart City Sustainable Finance Frameworks, which were developed to help more Asian companies advance their businesses responsibly, while reducing their carbon footprint,” Mr Beh Wee Khee, Executive Director and Country Head of Commercial Banking, UOB Malaysia said.